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Coinbase Chief Authorized Officer Paul Grewal argued on Twitter on Thursday that his alternate’s staking enterprise is “basically totally different” from Kraken’s, which he described as a “yield product.” And he reiterated this in a press release to CoinDesk on Friday, saying that “Coinbase’s staking program will not be affected by [the Kraken] information. Staking on Coinbase continues to be accessible and staked belongings proceed to earn protocol rewards. What’s clear from [the] announcement is that Kraken was basically providing a yield product. Coinbase’s staking providers are basically totally different and are usually not securities. For instance, our clients’ rewards depend upon the rewards paid by the protocol, and commissions we disclose. Guidelines making clear these distinctions would supply actual readability to customers, traders, and the trade.”
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